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USA, Russia, and Very Frustrated Bitcoiners
Manage episode 415740482 series 3474370
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This story was originally published on HackerNoon at: https://hackernoon.com/usa-russia-and-very-frustrated-bitcoiners.
The USA and Russia are restricting the growth of the Bitcoin ecosystem with warnings and bans. But if they go too far, Bitcoiners could effect counter bans!
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #bitcoin, #anarcho-bitcoiners, #future-of-bitcoin, #usa-vs-crypto, #crypto-in-russia, #us-bitcoin, #russia-crypto-regulation, #us-crypto-regulation, and more.
This story was written by: @maken8. Learn more about this writer by checking @maken8's about page, and for more stories, please visit hackernoon.com.
The USA and Russia could unite to stall the growth of Bitcoin with a series of bans and legal actions. But this might birth a group of ardent cypherpunks from those frustrated Bitcoiners. These could hit back by counter-banning Russia and the USA! With Bitcoin around, moves like QE could facilitate the flow of rubles or dollars into Bitcoin, which governments don't want. But with too much oppression of Bitcoin, bitcoins could flow away from governments. Which they also don't want. But oh well.
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